The Pound Euro (GBP/EUR) exchange rate is holding steady above €1.12 after losing -0.5% across the previous session. The pair is set to end the week at the same level that it started the week.
The UK labour market is an area of concern after the IHS Markit CIPS Composite PMI employment component dropped for the first time in 3 months.
The Euro shrugged off weak service sector PMI data for Spain and Italy, and also unexpectedly soft retail sales for the bloc.
German factory orders could lift the common currency higher. Analysts expect a 5% mom increase.
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